Wednesday, January 16, 2013
Siemer Ventures Gets First Exit, At CloudTrigger
Santa Monica-based Siemer Ventures, the venture investing arm of investment banking firm Siemer & Associates, reported yesterday that it saw the first exit in its portfolio recently, with the sale of company CloudTrigger. The fund also reports that it now has 39 digital media and technology startups in its portfolio. Siemer said it added five new companies in the last quarter, and had 24 new investments in 2012. Among the new companies on its portfolio list, which had not been disclosed earlier, are Card.com, Club W, EcoMom, Eventup, GiantMedia, Optimal P4RC, Playsino, and Postcard on the Run. CloudTrigger, which was based in San Diego, was acquired by Cloudsherpas over the holidays.